Some church members have expressed interest in loaning the church funds to help with our bridge and construction loan to lower our interest costs as we complete the Believing in the Future project. Our Charge Conference approved for our church to borrow up to $800,000 if needed to complete the construction over the next 6-8 months and we are going ahead with a bank loan. As we have stated we do have the funds in our 3-year pledge campaign to cover all the costs of the project. Here are the parameters of these loans:
- Minimum loan amount is $25,000
- 3-year term
- Between 0 to 4% fixed interest rate
- Our church may accept or reject any offers, and preference will be given to lower interest rate requirements.
- For other term details please contact Tom Stritecky, Jennifer Larsen or Pastor Bob if you are interested in assisting the church in this manner.